Wednesday, June 26, 2013

VSP plans to profit from the terrible loss


  and Shipping Corporation Shareholders property Vietnam Customs (VSP) has recently adopted a business plan in 2013 with revenues expected to reach 1,950 billion, profit before tax 1,810 billion (2012 profit negative 2,036 billion).


    
Mr. Ngo Thanh Trung, VSP board members said, in 2013, there will be VSP recorded 1.850 billion revenue from the transfer of 74 hectares of the total area of ​​204 hectares of urban Mexico Project Linh, Hanoi. Expected in July, when the MPC. Hanoi announced plans subdivision 3 more times, VSP will be eligible to transfer procedures, the unit price is 2.5 million m2.



    
Linh urban real estate project is the only VSP believes will create greater revenue for debt repayment. VSP will establish a subsidiary company 100% owned Green Linh VSP to investors and projects planned debt restructuring of debt swap by the credit institution, bank shares in the capital Green Linh. VSP currently owe the credit institution about 1,750 billion.



    
Most real estate projects of VSP are concerns about the legal process, it is difficult to transfer. There are two projects Giuoc - Long An and Ha Khau - Quang Ninh has full papers, VSP will find partners to transfer capital recovery.



    
Other sources of VSP 2013 will come from the liquidation of these vessels is playing bad, partly from Vinashin debt Line and gas business. Specifically, ships in Cam Ranh have identified the volume of supplies to sell dismantled. Train in Bach Dang Dung Quat and has partners want to buy. In the business field gas, LPG partner Dinh Vu has decided to survey and VSP money to repair, and then lease back a portion or the entire repository.



    
Mr Trung share, VSP has liquidated all active vessels and after the liquidation of the unfinished ships, VSP will cease operations entirely Shipping to focus on two main business is real estate and gas.

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